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For Immediate Release
Wednesday, June 29, 2016

Harold Hommes
(515) 242-6237
Harold.Hommes@IowaAgriculture.gov

Dustin Vande Hoef
515/281-3375 or 515/326-1616 (cell)
or Dustin.VandeHoef@IowaAgriculture.gov

 
 

 

IOWA RETAIL GAS PRICES RELATIVELY STEADY

DES MOINES – Iowa retail gasoline and diesel prices remained steady this week, closing at $2.29 and $2.35 per gallon, respectively.

Crude Oil Summary
The price of global crude oil rose this week on the West Texas Intermediate (WTI) by $1.00 per barrel over last week, and is currently priced at $49.50.

Brent crude oil rose $.94, and is currently priced at $50.21.

One year ago WTI crude sold for $58.33 and Brent crude was at $59.03.

Motor Fuels
As of Tuesday, June 28th, the price of regular unleaded gasoline averaged $2.29 across Iowa according to AAA.  This is the same price as one week ago and $.43 lower than one year ago.  The national average on Tuesday was $2.29, $.03 lower than last week. 

Retail diesel fuel prices in Iowa held steady with a statewide average of $2.35.   One year ago diesel prices averaged $2.70 in Iowa.   The current Iowa diesel average is $.02 lower than the national average of $2.37.

Wholesale ethanol prices held steady this week, closing at $1.60. 

The current Des Moines Terminal/Rack Prices are $1.45 for U87-E10, $1.67 for Unleaded 87 (clear), ULSD#2 is at $1.54, ULSD#1 is at $1.70, and E-70 is priced at $1.72 per gallon.

Heating Fuels
Natural Gas prices were $.10 higher at the Henry Hub reporting site and ended the week at $2.86 / MMbtu.

 

Mailing Address: IDALS,  Wallace State Office Building,   502 E. 9th Street,  Des Moines, IA 50319:     PH: 515-281-5321
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